Crypto currency club

[DylanTodd]

Hi Everyone,

I put in a request with the Villages recreation department to create a crypto currency club. It was in the paper this week and rec center says I will need a certain number of members to get official approve.

This club will be designed for people with all levels of experience, beginners, those active in the market and if we get lucky we might even get one or two experts.

Feel free to reach out to me at dtodd@earls.ca if you would be interested in joining the club or learning more.

Cheers,

Dylan

[coralway]

Hi Everyone,

I put in a request with the Villages recreation department to create a crypto currency club. It was in the paper this week and rec center says I will need a certain number of members to get official approve.

This club will be designed for people with all levels of experience, beginners, those active in the market and if we get lucky we might even get one or two experts.

Feel free to reach out to me at dtodd@earls.ca if you would be interested in joining the club or learning more.

Cheers,

Dylan





interested

[DAVES]

Hi Everyone,

I put in a request with the Villages recreation department to create a crypto currency club. It was in the paper this week and rec center says I will need a certain number of members to get official approve.

This club will be designed for people with all levels of experience, beginners, those active in the market and if we get lucky we might even get one or two experts.

Feel free to reach out to me at dtodd@earls.ca if you would be interested in joining the club or learning more.

Cheers,

Dylan

My opinion, it might make sense to do a presentation at one of the already established clubs.

I do not hold any crypto currency. Truth I see no need. Reminds me of the insane rise in the price of Tulip bulbs roughly 300 years ago. A classic Ponzi Scheme. Some people did make money in Tulip Bulbs. When the bottom fell out some discovered they had little or no value. Paying bills with it? The value is highly volatile. One day down 12%, Yesterday 8/13/21 up 7%.

[Art cov]

My opinion, it might make sense to do a presentation at one of the already established clubs.

I do not hold any crypto currency. Truth I see no need. Reminds me of the insane rise in the price of Tulip bulbs roughly 300 years ago. A classic Ponzi Scheme. Some people did make money in Tulip Bulbs. When the bottom fell out some discovered they had little or no value. Paying bills with it? The value is highly volatile. One day down 12%, Yesterday 8/13/21 up 7%.
Read the story of MIT student that gave undergraduates $100 in Bitcoin a few years ago, and see what it’s worth now. I personally know people who invested heavily in Bitcoin years ago and they are rich today. I guess I was the fool who was too skeptical way back when. But Ethereum has paid me well and I’m thankful.

[DAVES]

Read the story of MIT student that gave undergraduates $100 in Bitcoin a few years ago, and see what it’s worth now. I personally know people who invested heavily in Bitcoin years ago and they are rich today. I guess I was the fool who was too skeptical way back when. But Ethereum has paid me well and I’m thankful.

My opinion, the old line is hindsight is always 20-20. Foresight is far more valuable.
The world is full of opportunities. As what it is worth now, the same thought applies to stuff like Amazon, Apple, Microsoft.

As I stated, my opinion bit coin is ponzi scheme. It is valid to say the US dollar is no longer backed by any real value ie gold or silver. It is sad to read backed by the full faith and credit of the United States. I expect most think that is a depreciating value.
Bitcoin is backed by NOTHING. The creator does not exist. Rumor is it is a man, other rumors a woman and still others a group of people. The value has wild swings. To buy say a car, with bitcoin on a day when the value changes by down 12%. A 30,000 car could cost you 30,000 or 30,000 plus 12% 33,600.

You can make money on anything with wild swings. It is called day trading. Losses, you can deduct, if I recall 3,000. Gains it is all taxed at your highest income tax rate-short term gains and there is no 3,000 limit on taxable gains.

I have a strange view of everything I call it self responsibility. I am interested in learning.
I feel you learn more from people who do not agree with you than from people who do.
Most people only LISTEN to people who agree with them. They do not realize they are talking to themselves.

[Malsua]

Bitcoin is a store of value at this point.

If you think crypto is bitcoin, you have no understanding of what crypto is.

Crypto is way way more than bitcoin. It is blockchain. Sure, there are some ponzi tokens and coins, mostly the meme coins, but crypto is much much more than that.

There are coins on their own block chains that allow you to decentralize storage. You can drop a file on Siacoin chain for example and it gets split up and stored all over the world encrypted. 100% unhackable. Yes, 100% unhackable. Now, will quantum computing change that? Maybe, but today, you can securely store files in a fashion that only you can access.

There are chains dedicated to bank to bank transactions. This means that two banks can safely swap funds and have the transaction cleared in minutes rather than days like ACH.

There are thousands of these types of applications, the above are only two.

If you think it's a ponzi scheme, just wait until the US Government launches their own. It's coming. I can't say when exactly, but it could be before the end of this year, certainly within 5 years. It's going to change EVERYTHING.

When uncle fed decides to join the crypto space, everyone who's in it already will see their fortunes grow. Of course, some coins and tokens will go to zero. Others, such as Bitcoin and Ethereum will likely go to the moon.

[coralway]

My opinion, it might make sense to do a presentation at one of the already established clubs.

I do not hold any crypto currency. Truth I see no need. Reminds me of the insane rise in the price of Tulip bulbs roughly 300 years ago. A classic Ponzi Scheme. Some people did make money in Tulip Bulbs. When the bottom fell out some discovered they had little or no value. Paying bills with it? The value is highly volatile. One day down 12%, Yesterday 8/13/21 up 7%.





I purchased 0.5 BTC a couple of years ago, cost me $3250.00. Not a bad investment. There are several other coins that have done even better.

Do your dd.

[DAVES]

Bitcoin is a store of value at this point.

If you think crypto is bitcoin, you have no understanding of what crypto is.

Crypto is way way more than bitcoin. It is blockchain. Sure, there are some ponzi tokens and coins, mostly the meme coins, but crypto is much much more than that.

There are coins on their own block chains that allow you to decentralize storage. You can drop a file on Siacoin chain for example and it gets split up and stored all over the world encrypted. 100% unhackable. Yes, 100% unhackable. Now, will quantum computing change that? Maybe, but today, you can securely store files in a fashion that only you can access.

There are chains dedicated to bank to bank transactions. This means that two banks can safely swap funds and have the transaction cleared in minutes rather than days like ACH.

There are thousands of these types of applications, the above are only two.

If you think it's a ponzi scheme, just wait until the US Government launches their own. It's coming. I can't say when exactly, but it could be before the end of this year, certainly within 5 years. It's going to change EVERYTHING.

When uncle fed decides to join the crypto space, everyone who's in it already will see their fortunes grow. Of course, some coins and tokens will go to zero. Others, such as Bitcoin and Ethereum will likely go to the moon.

There is nothing said that is not public information. Block currency. Think about any advantage. Stored value? Endless debate-land, gold, silver, stocks are just a few of them. The block currencies a very volatile. Stored value, at least to me implies stability
relative to other things with,"stored value." Block currency does not have that.

The fed joining crypto space. We all tend to think what we are fed by the news. The fed has been in crypto currency for many years. Of the trillions in circulation. Truth, talk about mind control, how many people realize they do not understand or comprehend might be a better word one trillion dollars let alone the rapidly growing national debt.
Of the words we toss about and repeat with out putting it together. Printing money?
Reality roughly 20% of the dollars even exist as coins, printed paper the rest is simply computer notes.

We are hooked on government. Government is hooked on tax to buy our votes. Our government is struggling to be able to extract a percentage of anything of value.
Reality is truly simple when we dare to see it.

I do not claim to have a better solution. I've recently started e-mailing to someone I knew years ago. He is bright, he is normal at least not NUTS. He and his brother bought 140 acres in North Carolina. I've never seen it. He has a house, a wife, a well, a stream
wild game etc etc. I see that clearly as,"stored value," not block currency.

[DAVES]

I purchased 0.5 BTC a couple of years ago, cost me $3250.00. Not a bad investment. There are several other coins that have done even better.

Do your dd.

Re: due diligence
First of all I am reading.
If, you've read through what I've said. Where to put your money, there is no shortage of options.
If, it is an investment and not tossing money down a slot machine. A very important question that is almost never mentioned is when to sell it. I mentioned the tulip bulb madness. People also made money in that. When it failed and it did, there were people holding what was wealth and was suddenly worthless

[Jim 9922]

The OP is only posting that he is intending to start a club. Apparently all The Villages' "experts" posting above are already anxious to audition as presenters at the meetings for the proposed club. :blahblahblah:

[Malsua]

There is nothing said that is not public information. Block currency. Think about any advantage. Stored value? Endless debate-land, gold, silver, stocks are just a few of them. The block currencies a very volatile. Stored value, at least to me implies stability
relative to other things with,"stored value." Block currency does not have that.

What? Speak in sentences This is word salad.


The fed joining crypto space. We all tend to think what we are fed by the news. The fed has been in crypto currency for many years. Of the trillions in circulation. Truth, talk about mind control, how many people realize they do not understand or comprehend might be a better word one trillion dollars let alone the rapidly growing national debt.
Of the words we toss about and repeat with out putting it together. Printing money?
Reality roughly 20% of the dollars even exist as coins, printed paper the rest is simply computer notes.

We are hooked on government. Government is hooked on tax to buy our votes. Our government is struggling to be able to extract a percentage of anything of value.
Reality is truly simple when we dare to see it.

I do not claim to have a better solution. I've recently started e-mailing to someone I knew years ago. He is bright, he is normal at least not NUTS. He and his brother bought 140 acres in North Carolina. I've never seen it. He has a house, a wife, a well, a stream
wild game etc etc. I see that clearly as,"stored value," not block currency.

Again, salad.

The Feds are starting their own block chain. It is already in the works. There will be a USDC coin from the fed. It may be as soon as November.

This will change all the clearing house ACH bs, it will help end wire fraud and the list goes on.

That you don't understand it and bloviate on about it, means you simply don't get it. It's moved past you. Crypto is here. It's not going away. All governement money transfers in the future will use some form of block chain tech. Get it yet? Apparently not.

[DylanTodd]

The OP is only posting that he is intending to start a club. Apparently all The Villages' "experts" posting above are already anxious to audition as presenters at the meetings for the proposed club. :blahblahblah:

Thanks Jim, there are some thoughtful replies, please note if you want to be invited to the inaugural club meeting and I will send a private message to those who request one.

Cheers,

Dylan

[lkagele]

My opinion, the old line is hindsight is always 20-20. Foresight is far more valuable.
The world is full of opportunities. As what it is worth now, the same thought applies to stuff like Amazon, Apple, Microsoft.

As I stated, my opinion bit coin is ponzi scheme. It is valid to say the US dollar is no longer backed by any real value ie gold or silver. It is sad to read backed by the full faith and credit of the United States. I expect most think that is a depreciating value.
Bitcoin is backed by NOTHING. The creator does not exist. Rumor is it is a man, other rumors a woman and still others a group of people. The value has wild swings. To buy say a car, with bitcoin on a day when the value changes by down 12%. A 30,000 car could cost you 30,000 or 30,000 plus 12% 33,600.

You can make money on anything with wild swings. It is called day trading. Losses, you can deduct, if I recall 3,000. Gains it is all taxed at your highest income tax rate-short term gains and there is no 3,000 limit on taxable gains.

I have a strange view of everything I call it self responsibility. I am interested in learning.
I feel you learn more from people who do not agree with you than from people who do.
Most people only LISTEN to people who agree with them. They do not realize they are talking to themselves.

Maybe it would be a good idea for you to join the club. You'll certainly get differing opinions as to the viability of cryptos and thus, a learning experience for you. A forum blog like this isn't really sufficient to discuss cryptos in depth. Join the club and learn. Members may very well learn from you as well.

I look at Bitcoin as an invention of a new type of currency. It's not really created out of thin air. Precious metals need picks and shovels to be found and created into currency. Bitcoin is mined with supercomputers. Both assets are out there. You just need the correct tools to obtain them.

The beauty of bitcoin is it can't be manipulated. Eventually there will be a fixed amount in circulation and there will be no government that can change that. Market forces will dictate it's value. Slowly but surely, it's becoming widely accepted and that's really all that's needed for it to become 'real'.

[Brad-tv]

Maybe it would be a good idea for you to join the club. You'll certainly get differing opinions as to the viability of cryptos and thus, a learning experience for you. A forum blog like this isn't really sufficient to discuss cryptos in depth. Join the club and learn. Members may very well learn from you as well.

I look at Bitcoin as an invention of a new type of currency. It's not really created out of thin air. Precious metals need picks and shovels to be found and created into currency. Bitcoin is mined with supercomputers. Both assets are out there. You just need the correct tools to obtain them.

The beauty of bitcoin is it can't be manipulated. Eventually there will be a fixed amount in circulation and there will be no government that can change that. Market forces will dictate it's value. Slowly but surely, it's becoming widely accepted and that's really all that's needed for it to become 'real'.


Agree


If you can stomach the massive swings it’s only going to get more valuable
Never panic sell buy in the dips

[rjn5656]

Here is a link my son sent me to explain crypto:

DeFi for Investors: Finding the Next Crypto Unicorn (https://www.linkedin.com/pulse/defi-investors-finding-next-crypto-unicorn-john-hargrave/)

I am still confused (lol)

[Malsua]

Here is a link my son sent me to explain crypto:

DeFi for Investors: Finding the Next Crypto Unicorn (https://www.linkedin.com/pulse/defi-investors-finding-next-crypto-unicorn-john-hargrave/)

I am still confused (lol)

I read that article and while I have a pretty good grasp on all this stuff, I still had a few points I struggled with.

One of the first sentences is the one most people simply won't see coming. Defi will eat banks. I don't think it will happen to the big investment whales like Goldman, but I could see regional banks simply run out of customers.

Don't get me wrong here, there is a massive amount of inertia in the current banking system, so it's going to be a long time coming. That said, a 10 year old today will probably at some point in their life never have a need for a bank. Everything will be accessible on their phone or tablet, all secured on a block chain. It'll be fast, convenient, safe and won't require half a dozen bank employees to make it happen. His employer will pay him in Fedcoin, he'll buy dinner with his fed coin, he'll borrow money against a Defi liquidity pool and pay the pool back with the fed coin he earns from his employer. None of it will require a bank.

[Brad-tv]

It’s been a good week or three for all crypto

Bitcoin about to break 50k
Etherium 3300

And altcoins are flying

As tempting as it is to take profits I’m in it for the long haul

Diamond Hands!!

[Malsua]

It’s been a good week or three for all crypto

Bitcoin about to break 50k
Etherium 3300

And altcoins are flying

As tempting as it is to take profits I’m in it for the long haul

Diamond Hands!!

I think BTC will hit 100k by the end of the year, so I'm the same.

I have a half a dozen of $h1tcoins with small positions usually about $30-$50 and hopefully one will do something but if not, not a great loss.

I bought $100 of Million Token early on for $8 cashed out two of them when it was over $100 each and doubled my money. The other 10 can moon or bust and I'm still ahead.

I have the bulk of my holdings as far as dollar figures go in BTC. I have some ETH, but I end up spending Eth on DEFI transactions. I should buy some and put it in a cold wallet just to stop me from whittling it away.

I bought back into Cardano when it was tanking a few months back and now that is up 150%.

I'm also thinking that Tezos will move eventually when NFTs become more of a thing for common items. I have some there too.

I think the safest way to put money into Crypto is to dollar cost average 50/50 BTC/ETH and forget about it. Come back in a few years.

The rest of the meme/garbage and other alt coins are just gambles. Eventually something pays off and it has but other flat line too.

[Brad-tv]

I think bitcoin will hit a 100k plus this year or more also and if it doesn’t this year definitely next year probably a million in 5 years. There’s so many large institutional organizations waiting for ETF approvals. There’s billions of dollars on the sidelines right now waiting for regulation etc.When that goes through billions upon billions of dollars will pour into crypto. Ethereum will most likely quadruple soon. Even without ETF approval all the large brokerage houses have so much demand for it it’s inevitable.I have all the main top five tokens and ADA has been a big home run expected hit $10 . Right now it’s the number three coin. I also have about 25 other alt coins that have done very well up 50% or more. I’m only down on three of those. And don’t forget about Doge Coin I bought it under a penny and that’s the biggest gainer of all(thanks Elon)
It’s been a great year so far and I held strong during the major Dip in May down 50% and I did not panic sell and it’s all coming back strong.

I have a lot of friends who invested in crypto and bailed out because they just couldn’t deal with the major dips.It’s definitely not for everyone but I find it way more exciting than stocks.
I have about 30% of my portfolio just in crypto.

I think anyone new to crypto has to keep in mind you didn’t make or lose any money until you sell. I was way up in May watched it all disappear I patiently waiting for it to all come back and it’s just part of investing in crypto.

[Brad-tv]

https://twitter.com/charliebilello/status/1429779786776317955?s=21


It’s been a good year for crypto
Bitcoin broke 50k last night
No signs of slowing down anytime soon 🚀

[eingalls]

I am interested in joining.

Ed
ultimagtr@gmail.com

[TNLAKEPANDA]

I have money in a Crypto Fund but no actual currency. I let the experts manage that. Up 40% in just a month or so but it could also go down.

[DaddyD]

I have money in a Crypto Fund but no actual currency. I let the experts manage that. Up 40% in just a month or so but it could also go down.

Are you referring to one of the Grayscale Investment trusts available at Fidelity and (I think) Vanguard?

[Brad-tv]

Any bitcoin ballers out there
Almost hit 63k today and Ethereum hit 3900

Michael Saylor is looking like a pretty smart investor right now he owns 114,042 coins at a average price of 27,713 per coin worth over 6 billion
He started buying btc in aug 2020 because it’s better to own crypto on his company’s balance sheet than low yielding U.S. securities as most companies do.
And Elon Musk did the same earlier this year

[stan the man]

Will someone explain the blockchain? . Good start for first meeting

[Malsua]

Will someone explain the blockchain? . Good start for first meeting

The block chain is simply a public ledger.

Wallet1 sends coins or tokens to wallet2 and so-on. It uses encryption keys to prevent theft and the keys are so large, no amount of computing power will ever be able to crack it. Quantum computing may some day do it, but standard computing power as we know it right now can never crack the encryption.

They way the block chain is secure is that transactions, i.e. blocks, are validated by nodes. These are computing centers, typically with some pretty hefty computing power. There are different ways that nodes become "big" enough to be considered legitimate. Right now all the various block chains are moving from "proof of work", i.e. raw computing power to a "proof of stake" model, i.e. you hold a lot of coin. Proof of work uses A LOT of electricity and that's not very green. There is also "proof of history" which uses very accurate clocks. There are some other lesser ways that are also used.

As to how it works...

For example, I want to send you 1 Bitcoin. Your lucky day. I submit a transaction from my wallet to your wallet. This gets sent out to the block chain and once enough nodes confirm it, your wallet now shows 1 bitcoin and my wallet shows a sad frowny face and one fewer bitcoins.(who am I kidding, I don't own any whole bitcoins, just a pile of Satoshis)

If you download the entire ledger, and you can, you can see every wallet address and transaction for every bitcoin ever created, moved, or split, all the way back to the first one. There are a bunch of different blockchains, Bitcoin and Ethereum are just two of the biggest.

The public ledger is how cheating is stopped. If someone comes along and tries to re-write history and say "I have 100000 bitcoins", the nodes will examine the ledger, tell them that they are full of @#$% and cancel the transaction.

It really is that simple on a very high level. There's lots of encryption and number crunching that makes it all work, but it's all driven back to the same thing. Person A sends coins to person B...process it!

[Breitsd]

I am interested in supporting people on their journey. I've been an active investor in crypto for about five years now. Always interested in hearing the latest developments as well. There is a lot to learn.

[Koapaka]

cryptos are crazy wild, only a portion of your portfolio possession's IMHO.....have said that we have made more money on the very little position we took in the beginning on them.....now enjoying crazy, wild returns that even baffle me. However,works for us and we are THRILLED with rate of return. The other investments advantage that have served us and continue to in the futures are bitcoin, dogecoin and cardino. Follow you heart, and gut after analyzing....has paid for our home here several times over in the past few years. IF you are not interested in following indicators DAILY, I would hesitate to invest. Requires contestant monitoring to make the best of it.

[Brad-tv]

cryptos are crazy wild, only a portion of your portfolio possession's IMHO.....have said that we have made more money on the very little position we took in the beginning on them.....now enjoying crazy, wild returns that even baffle me. However,works for us and we are THRILLED with rate of return. The other investments advantage that have served us and continue to in the futures are bitcoin, dogecoin and cardino. Follow you heart, and gut after analyzing....has paid for our home here several times over in the past few years. IF you are not interested in following indicators DAILY, I would hesitate to invest. Requires contestant monitoring to make the best of it.


Wow that’s awesome!! You must have bought crypto many years ago . I wish I started investing way back then or at least in March of 2020. I dipped my toe into crypto the end of last year and it’s been some of the best investments yet. I’m in for the long haul only down on a few right now. I agree watch them and don’t panic sell when they swing hard. Hindsight is always 20/20 just like stocks never know when the bottoms or the tops are here. I have significantly increased my portfolio to about 30% crypto and by far the largest gainers compared to stocks(except Tesla and a few other home runs) When this btc etf gets approved next week I think all crypto is going to the moon🚀

[Mrfriendly]

Hi Everyone,

I put in a request with the Villages recreation department to create a crypto currency club. It was in the paper this week and rec center says I will need a certain number of members to get official approve.

This club will be designed for people with all levels of experience, beginners, those active in the market and if we get lucky we might even get one or two experts.

Feel free to reach out to me at dtodd@earls.ca if you would be interested in joining the club or learning more.

Cheers,

Dylan

Dylan, I have learned quite a bit about cryptocurrency since joining the cryptocurrency club. Thanks to you for your organization and the experience members as us newbies can figure it out much better!

[Koapaka]

Wow that’s awesome!! You must have bought crypto many years ago . I wish I started investing way back then or at least in March of 2020. I dipped my toe into crypto the end of last year and it’s been some of the best investments yet. I’m in for the long haul only down on a few right now. I agree watch them and don’t panic sell when they swing hard. Hindsight is always 20/20 just like stocks never know when the bottoms or the tops are here. I have significantly increased my portfolio to about 30% crypto and by far the largest gainers compared to stocks(except Tesla and a few other home runs) When this btc etf gets approved next week I think all crypto is going to the moon������


Yes, you are correct. Started seriously studying and buying up bitcoin at $3K average....so very happy. Personally (which is WHY I am hesitant to say, because I will REFUSE to feel responsible for anyone else risk/loss but ours) I think CARDANO (my PERSONAL THOUGHTS AFTER A LOT OF STUDY) will be the next "bitcoin" for those trying to jump on the train. Do I expect it to hit the dollar amt bitcoin has....HELL NO! Do I expect a "rate on return" that rivals Bitcoin....HELL YES! That is the ONLY thing I will say because I have a SERIOUS risk aversion to other peoples retirement funds. BUT, IF you are interested, at least research. Bitcoin is about to see some SERIOUS, fast GROWTH. Both the countries of Turkey and Brazil come into play here trying to protect assets. I believe Brazil WILL adopt bitcoin as the alternate reserve currency before the end of 2022.

Our investments are praying that true.....

[DylanTodd]

Hi to the crypto enthuiasts and curious,

Just adding to this thread a friendly reminder that if you would like more information about the club please email me directly at dtodd@earls.ca We are adding almost 5 new members per week.

Cheers,

Dylan

[Brad-tv]

Does anyone think Solana is worth buying at these levels? I missed it when it was cheap, there’s been a lot of chatter it’s gonna take off??

[Malsua]

Does anyone think Solana is worth buying at these levels? I missed it when it was cheap, there’s been a lot of chatter it’s gonna take off??

I also missed it when it was cheap, so I bought some of it recently when it was off the peak and moving sideways.

It's a good technology and it has a use case, so chances of it going to zero are slim. The upside potential is probably not a huge gain in the short term but a 2x gain is quite possible in a 12-18 month time period.

Almost everything runs with BTC and I think BTC still has more room to grow before the end of the year so I believe SOL will go up. How much? Shrug. Cyrpto is volatile and "news" can send most of these up or down wildly.

There is a LOT of money that is going to wind up in Crypto if ETFs ever get approval. This BTC Future ETF is a start, but when you can buy an ETF on Vanguard that holds actual positions in the top 10 cryptos, every crypto price right now will seem like the golden days when it was cheap.

That or the FEDs come in and wreck everything ;)